Marathon Petroleum Stock Intrinsic Value – MARATHON PETROLEUM Reports Q2 FY2023 Earnings Results on August 1 2023

August 9, 2023

🌥️Earnings Overview

On August 1 2023, Marathon Petroleum ($NYSE:MPC) Corporation reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. Total revenue amounted to USD 36.3 billion, a 32.5% decrease compared to the same period in the prior year. Net income was USD 2.2 billion, representing a 62.0% decrease in comparison to the year before.

Price History

The stock opened at the price of $131.8 and was up by 1.4% from the previous closing price of $133.0, closing at $134.9.

In addition, MARATHON PETROLEUM also reported that total sales volumes decreased by 3% from the previous quarter. The company’s CEO expressed optimism about the future of MARATHON PETROLEUM and the oil and gas industry as a whole, citing increased demand for fuel in the US and abroad due to the economic recovery from the pandemic. Going forward, the company plans to invest in new technologies and expand operations to continue growing and meeting customer needs. Overall, the report was positive and investors responded positively to the news as the stock saw an increase in share price. The market analysts were optimistic about the company’s performance and prospects for the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Marathon Petroleum. More…

    Total Revenues Net Income Net Margin
    156.81k 12.74k 7.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Marathon Petroleum. More…

    Operations Investing Financing
    14.94k -1.69k -14.98k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Marathon Petroleum. More…

    Total Assets Total Liabilities Book Value Per Share
    86.44k 53.87k 60.61
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Marathon Petroleum are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    15.3% 114.5% 12.3%
    FCF Margin ROE ROA
    8.0% 45.9% 14.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Marathon Petroleum Stock Intrinsic Value

    GoodWhale has conducted an in-depth analysis of MARATHON PETROLEUM‘s fundamentals and have determined that the fair value of the stock is around $130.0. To reach this conclusion, we have used our proprietary Valuation Line. Currently, MARATHON PETROLEUM stock is trading at $134.9, which is slightly overvalued by 3.8%. Although there is a slight overvaluation of the stock, investors can still benefit from buying the stock as MARATHON PETROLEUM is a well-established company with solid fundamentals. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Marathon Petroleum Corp is one of the largest oil refining and marketing companies in the United States. Its competitors include Valero Energy Corp, Phillips 66, MPLX LP.

    – Valero Energy Corp ($NYSE:VLO)

    Valero Energy Corp is a publicly traded company with a market capitalization of over $54 billion as of early 2021. The company is involved in the refining, marketing, and transportation of petroleum products. Valero is one of the largest refiners in the United States with operations in Canada, the Caribbean, the United Kingdom, and Ireland. The company’s return on equity (ROE) was over 37% in 2020.

    Valero Energy Corp was founded in 1980 and is headquartered in San Antonio, Texas. The company operates through three segments: Refining, Ethanol, and Power. The Refining segment refines crude oil and other feedstocks into transportation fuels, including gasoline, jet fuel, diesel fuel, and propane. The Ethanol segment produces and sells ethanol and distillers grains. The Power segment generates and sells electricity and steam.

    – Phillips 66 ($NYSE:PSX)

    Phillips 66 is a holding company that owns and operates a diversified portfolio of midstream, chemicals, refining, and marketing businesses. Its midstream segment gathers, processes, transports, stores, and markets crude oil and refined products. The chemicals segment manufactures and markets petrochemicals and plastics. The refining segment refines crude oil and other feedstocks into petroleum products. The marketing segment buys, sells, and transports crude oil, refined products, natural gas, and power.


    MPLX LP is a publicly traded master limited partnership that owns and operates midstream energy infrastructure assets in the United States. The company’s assets include a network of crude oil and refined product pipelines, storage facilities, and terminals. MPLX LP is headquartered in Findlay, Ohio.

    MPLX LP has a market cap of $34.05 billion as of 2022. The company has a return on equity of 20.4%. MPLX LP’s assets include a network of crude oil and refined product pipelines, storage facilities, and terminals.


    MARATHON PETROLEUM reported its second quarter FY2023 results on August 1 2023, which showed total revenue of USD 36.3 billion, a decrease of 32.5% compared to the same period the prior year. Net income was USD 2.2 billion, 62.0% lower than the previous year. This suggests that the company is facing difficult conditions and investors should exercise caution.

    In light of the drop in earnings, it may be prudent to wait for signs of a turnaround before committing significant resources to MARATHON PETROLEUM shares. Analysts will be closely watching the company’s performance in the coming quarters to assess the financial health of the business.

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